Legal Question in Family Law in Pennsylvania
Asset protection / Divorce
Would my wife be entitled to 1/2 the assets of my LLC in a divorce? Yes, I formed the LLC while married.
1 Answer from Attorneys
Re: Asset protection / Divorce
Not necessarily. Pennsylvania divorce law does not require a 50/50 division. Each asset may be divided differently. The split can be 60/30, etc. In some cases one spouse has been awarded 100% of certain assets. You'll start with the value of your LLC on the date of your final separation and go from there. The rest depends on circumstances and facts not included in your question. You should have a consultation with an experienced attorney in your county to review your entire financial picture and the circumstances of your marriage & separation. That's the only way you'll get a reasonable estimate of what might happen in court.